Profile: High Volume Restaurant Serves Breakfast, Lunch And Dinner.
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Ad/Listing Information
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| Financial Information |
Detailed Information |
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| Asking Price: |
$395,000 |
| Down Payment: |
$200,000 |
| Annual Revenue: |
$850,367 |
| Annual Adjusted Net: |
$129,243 |
| Price Range: |
$250,001 to $500,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Established In 1959, This High Volume Restaurant Serves Breakfast, Lunch And Dinner All Day And Has A Special Brunch Menu For Weekends. Located On The Corner Of A Well-Travelled Intersection, The Restaurant Is Large, 8,860 Square Feet, Seats 125 In The Restaurant Which Does Approximately 55-60K Per Month; They Have A Full Service Bar Which Seats 60 And Does Approximately 25K Per Month And A Banquet Facility That Can Host 150 Plus People, Sales Of 10-15K Per Month With An Increase In December To 50K During The Holidays. This Is One Of Those Traditional Neighborhood Restaurants That Is A Favorite With The Local Community. It Has A Classic Look With An L-Shaped Dining Room. The Banquet Room Also Has A Full Bar. The Current Owner Has Been There Since 1979, And Is Now Looking To Retire. Good Management Is In Place. The Staff Is Well Trained And Dedicated. The Lease Expires In January 2009 And The Landlord Will Provide A New Ten (10) Year Lease With 2% Annual Increase. Great Location, Excellent Lease, Ample Parking, And A Reputation For Great Food And Service Make This A Very Attractive Business For The Right Buyer. Please Contact Jack Flowers For Additional Information.
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